Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

The Minister, Deputy McCreevy, mentioned changes in vehicle registration tax. This country's failure to tackle this issue flies in the face of what happens in Europe. The VRT rate for a car with an engine capacity of less than 1400cc is 22.5% of the open market selling price, the rate is 25% for cars between 1401cc and 1901cc and it is 30% in relation to cars that are over 1902cc, as a result of the Minister's adjustment. VRT represents a huge imposition on a person buying even a modest family car.

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